Excelerate Energy (NYSE:EE) Given “Overweight” Rating at Stephens

Excelerate Energy (NYSE:EE)‘s stock had its “overweight” rating reiterated by equities researchers at Stephens in a research note issued to investors on Thursday,Benzinga reports. They presently have a $45.00 price objective on the stock. Stephens’ price target would suggest a potential upside of 15.21% from the stock’s previous close.

A number of other research analysts have also recently commented on EE. Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a research report on Wednesday, June 24th. Zacks Research cut shares of Excelerate Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Morgan Stanley reduced their target price on shares of Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Wall Street Zen raised Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Northland Securities set a $48.00 target price on Excelerate Energy in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Excelerate Energy Trading Up 0.7%

NYSE EE opened at $39.06 on Thursday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.53. The stock’s 50-day simple moving average is $35.20 and its two-hundred day simple moving average is $34.81. Excelerate Energy has a twelve month low of $21.28 and a twelve month high of $43.17. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.41 and a beta of 1.23.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $433.44 million during the quarter, compared to analysts’ expectations of $351.68 million. Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.Excelerate Energy’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. Research analysts forecast that Excelerate Energy will post 1.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Excelerate Energy

A number of hedge funds have recently added to or reduced their stakes in EE. Arax Advisory Partners raised its stake in shares of Excelerate Energy by 791.9% in the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after buying an additional 784 shares during the period. Global Retirement Partners LLC bought a new position in Excelerate Energy in the fourth quarter worth approximately $33,000. Essex Investment Management Co. LLC purchased a new position in Excelerate Energy during the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC bought a new stake in shares of Excelerate Energy in the 4th quarter valued at about $56,000. Finally, Tower Research Capital LLC TRC grew its stake in Excelerate Energy by 157.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock worth $57,000 after buying an additional 1,186 shares during the last quarter. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Company Profile

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.